Congrats on your hard work and investing success to date.
Be careful with Schwab mm funds. Their settlement account mm funds don’t pay much interest.
I don’t think it matters what % of your portfolio is from company match as long as you are vested.
I’d get rid of the high expense ratio funds in my spouse’s accounts.
I don’t think it matters whether you go with Schwab or vanguard.
I would not hold more than your 10% in 1 stock especially if it’s the company you work for - too many eggs in one basket.
I would move my bonds to a tax deferred account for tax purposes.
You can’t roll over a 403 b until you leave the employer. I rolled over all my 401K’s to a roll over Ira as soon as I could for simplicity.
Trying to get money out of a house to invest is not a good idea in my mind. It is full of fees, high interest rates, and what if you lose the money - where would you live?
- I have a heloc on my house that was a no closing cost set up and I was going to use it for a short term bridge loan. I have never needed it . The interest rate is prime plus 5% so a very high rate. ( 8-9.%). Be happy with the equity in your house and it will go up over time. Don’t try to invest that - it will do fine being invested in your house.
Private market exposure in my mind is a fancy name for limited transparency investing with high risk. In my humble opinion if you or me are offered an opportunity to invest in something like this it is because a bunch of rich folks who know better have decided not to and we shouldn’t either. Over 30+ years I have done fine with my 60/40 portfolio averaging 7-9 % with modest risk and I think that is the path to success. If Warren Buffett calls us with a special deal we can reconsider.
If I was going to quit my job ( I wouldn’t at age 37 with two small kids) I’d look at a ballpark 65-35% AA as that is what I am comfortable with. I might have one spouse keep their stodgy job and the other venture out to a start up. You can take classes now at night like when I sent to night school for three years to get my mba.
How much money do you need a year to sustain your lifestyle? To date you have saved enough to have 60-80K (3-4%) income a year for 30-40 years on top of what you make in your other business ventures imho. In my opinion you and your spouse are doing great but depending upon what you need to live off of and pay for kids school you aren’t set up to quasi retire. Maybe in a great place for one to work, the other to go part time to raise kids and start a side business. I am not here to squash dreams - you could be the next Elon musk - just need a plan on how to pay the bills and private school and enough know how re about starting a business so it will be successful.
Of course one 63 yr old retired guys opinion. Congrats on your hard work and success!
Be careful with Schwab mm funds. Their settlement account mm funds don’t pay much interest.
I don’t think it matters what % of your portfolio is from company match as long as you are vested.
I’d get rid of the high expense ratio funds in my spouse’s accounts.
I don’t think it matters whether you go with Schwab or vanguard.
I would not hold more than your 10% in 1 stock especially if it’s the company you work for - too many eggs in one basket.
I would move my bonds to a tax deferred account for tax purposes.
You can’t roll over a 403 b until you leave the employer. I rolled over all my 401K’s to a roll over Ira as soon as I could for simplicity.
Trying to get money out of a house to invest is not a good idea in my mind. It is full of fees, high interest rates, and what if you lose the money - where would you live?
- I have a heloc on my house that was a no closing cost set up and I was going to use it for a short term bridge loan. I have never needed it . The interest rate is prime plus 5% so a very high rate. ( 8-9.%). Be happy with the equity in your house and it will go up over time. Don’t try to invest that - it will do fine being invested in your house.
Private market exposure in my mind is a fancy name for limited transparency investing with high risk. In my humble opinion if you or me are offered an opportunity to invest in something like this it is because a bunch of rich folks who know better have decided not to and we shouldn’t either. Over 30+ years I have done fine with my 60/40 portfolio averaging 7-9 % with modest risk and I think that is the path to success. If Warren Buffett calls us with a special deal we can reconsider.
If I was going to quit my job ( I wouldn’t at age 37 with two small kids) I’d look at a ballpark 65-35% AA as that is what I am comfortable with. I might have one spouse keep their stodgy job and the other venture out to a start up. You can take classes now at night like when I sent to night school for three years to get my mba.
How much money do you need a year to sustain your lifestyle? To date you have saved enough to have 60-80K (3-4%) income a year for 30-40 years on top of what you make in your other business ventures imho. In my opinion you and your spouse are doing great but depending upon what you need to live off of and pay for kids school you aren’t set up to quasi retire. Maybe in a great place for one to work, the other to go part time to raise kids and start a side business. I am not here to squash dreams - you could be the next Elon musk - just need a plan on how to pay the bills and private school and enough know how re about starting a business so it will be successful.
Of course one 63 yr old retired guys opinion. Congrats on your hard work and success!
Statistics: Posted by Parkinglotracer — Tue Apr 09, 2024 2:45 pm — Replies 3 — Views 223